Cheniere Energy Partners, L.P.
No SEC Form 4 filings for $CQP in the last 30 days.
Australia’s ASX opened higher as reports said the US and Iran are nearing a deal to end hostilities and reopen the Strait of Hormuz. The S&P/ASX200 rose 0.44% to 8,695 by midday; energy stocks fell 2.3% while miners gained 1.8%. Brent slipped below $97/bbl. The Aussie dollar rose to 71.66 US cents.
UBS Group AG has increased its stake in Cheniere Energy Partners (CQP) by 5.2% in the fourth quarter of the prior year, bringing its total holdings to 594,594 shares valued at approximately $31.8 million. Despite this acquisition, Wall Street analysts maintain a "Reduce" consensus rating for CQP, with a price target of $60.43, and the company recently missed its quarterly earnings estimates, reporting $0.19 EPS against an expected $1.22. Cheniere Energy Partners also declared a quarterly dividend of $0.775 per share, representing a 5.0% annualized yield.
Cheniere Energy, Inc. is celebrating its 10th anniversary since exporting its first liquefied natural gas (LNG) cargo from the U.S. Gulf Coast in February 2016. Since then, Cheniere has grown to become the largest U.S. LNG producer, having delivered nearly 5,000 cargoes to over 40 markets worldwide. The company plans significant expansion, aiming to increase its LNG production capacity to over 60 mtpa by late 2028, with targets of 75 mtpa by 2030 and over 100 mtpa by the mid-2030s.
